Hi-Media Investors: We're OK With Fotolog Deal

Two days ago we
noted that Fotolog was trumpeting
its growth stats in an attempt to impress shareholders of
Hi-Media, its French buyers-to-be. That worked fast: Following a
glowing report from equity research shop Casenove, HIM shares are
up more than 11%, erasing the 7% drop that followed the Fotolog
acquisition announcement last month. Google
Finance